Compulsory Stock Obligation
In the UK, a compulsory stock obligation (CSO) is a minimum stock of fuel reserves that must be held by a supplier in the United Kingdom against shortages or interruptions in supply. The scheme is administered by the Department of Trade and Industry (DTI). Companies incur an obligation if they are a supplier of a volume of 100,000 tonnes of fuel per annum or greater. This obligation is assessed as being a holding of 67.5 days' stock (50 days for the UK). Petroleum in the United Kingdom {{UK-stub ...
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Department Of Trade And Industry (United Kingdom)
The Department of Trade and Industry (DTI) was a United Kingdom government department formed on 19 October 1970. It was replaced with the creation of the Department for Business, Enterprise and Regulatory Reform and the Department for Innovation, Universities and Skills on 28 June 2007. History The department was first formed on 19 October 1970 with the merger of the Board of Trade and the Ministry of Technology, creating a new cabinet post of Secretary of State for Trade and Industry. The new department also took over the Department of Employment's former responsibilities for monopolies and mergers. In January 1974, the department's responsibilities for energy production were transferred to a newly created Department of Energy. On 5 March that year, following a Labour Party victory in the February 1974 general election, the department was split into the Department of Trade, the Department of Industry and the Department of Prices and Consumer Protection. Reformation In 1983 the ...
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